Coverdell Educational Savings Account (CESA)
Save for educational expenses for a child, tax-free!
A Coverdell Educational Savings Account (CESA) offers tax-free earnings and withdrawals for qualified education expenses. You can establish a CESA for any child under 18 as long as you meet income requirements. Contributions are made with after-tax dollars and can total up to $2,000 per year for all CESAs opened on the child's behalf. It’s a great way to build savings for college. Talk to one of our Personal Bankers to get full details!